$2,595,000
Beds:
4
Baths:
2
Sqft:
986
Sqft lot:
3,624
Acre lot:
0.08
17 Days On Market -
Property listed by Coldwell Banker Realty, Kenneth Guziak 949-285-0509
Status:
Activeundercontract
Property Type:
Duplex
Year Built:
1923
Neighborhood:
The Village (vil)
Days On Website:
17
Description
Two separate, fully renovated cottages on a single lot in the heart of downtown Laguna Beach, less than 2 blocks from Forest Avenue Promenade, Hotel Laguna and Main Beach (Walkscore 97)! The cottages were recently updated with new kitchen and bath fixtures, true wide-plank hardwood floors, new roofs, vaulted ceilings, new lighting, designer window treatments, designer cabinetry and tiles, stone counters, designer wood-burning fireplaces, tankless hot water, individual laundry enclosures, new decks, exterior wood restoration and fresh paint, and gorgeous landscaping. As the cottages are free-standing, they have windows on all sides allowing for ample natural light. They are some of the original Olympic Cottages, brought to Laguna after the Los Angeles Olympics in the 1930s. They are currently rented separately, generating a total of approximately $8,800 in monthly income ($105,600 annually). While iconic in Laguna Beach, these cottages are not yet on the historic register, but are on the city Historic Inventory with a rating of E (Exceptional) - meaning that they could be historically registered, and under the Mills Act, might benefit from substantially reduced property taxes. PLUS -- plans have been submitted to the city for final approval of a 3rd 575-square foot bungalow on property, to be built as an Auxiliary Dwelling Unit (ADU). Plans for the ADU are available. The neighboring, larger property at 363 Park Avenue and 504 Goff Street, which contains three (3) more similar cottages plus a single family ocean-view residence, is available for purchase from the same owner.
Features
Bathrooms
- 2 main level bathrooms
- 2 full bathrooms
- 2 total bathrooms
Bedrooms
- 4 main level bedrooms
- 4 total bedrooms
Building
- Built in 1923
- Levels: One
- Living area: 986
- 1 story
- Architectural style: Bungalow,Cottage
- Common walls: NoCommonWalls
Community
- Biking
- Curbs
- Hiking
- Park
- StreetLights
- Sidewalks
- Urban
- WaterSports
Cooling
- None
Fireplaces
- LivingRoom
Floors
- Wood
Heating
- ForcedAir
Interior Features
- HighCeilings
- StoneCounters
Laundry
- LaundryCloset
- Outside
Listing
- ListingID: LG24235093
- Standard status: ActiveUnderContract
- 11 days on market
Location
- Country: US
- Subdivision name: The Village (VIL)
Lot
- 0.0832 acres
- 3,624 square feet
- Size: 3,624
- Landscaped
- Walkstreet
Parking
- Public
- OnStreet
Pool
- None
Property
- Deck
- FrontPorch
- CityLights
- Hills
- TreesWoods
Sewer
- PublicSewer
- SewerTapPaid
Windows
- CustomCoverings
Property Map
Map View
$2,595,000 - 389 Park Avenue, Laguna Beach, CA 92651
Street View
Directions
389 Park Avenue
Laguna Beach, CA 92651
Country: US